Intuitive Surgical (ISRG) is an 'Outperform' Ahead of Key Product Launches: Bernstein SocGen Group

Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of best beginner stocks to buy, according to analysts. On September 4, Bernstein SocGen Group reiterated an ‘Outperform’ rating on the stock and a $685 price target.

According to the research firm, the stock is currently trading at a discount after pulling back from its high of $610 per share, recorded in January. Consequently, it views the current trading range as a buy opportunity for investors eyeing exposure in the medical technology sector.

The research firm has echoed the company’s five transformational product launches, which underscore its long-term prospects. It expects the product launches to strengthen the stock’s sentiment in the market. The remarks follow Intuitive’s 21% year-over-year increase in second-quarter revenue to $2.44 billion. The increase came with the da Vinci 5 surgical system entering a broad launch phase.

Intuitive Surgical, Inc. (NASDAQ:ISRG) develops and markets the da Vinci robotic-assisted surgical system, a technology that enables surgeons to perform minimally invasive procedures with enhanced precision, vision, and control. Their goal is to make surgery more effective and less invasive for patients.

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Disclosure: None. This article is originally published at Insider Monkey.